If you know scammers and how they operate, it’d be hard for them to scam you.
This post was sent to me by Kuda Microfinance Bank and I felt it would be relevant to us.
Get familiar (from a safe distance) with these common scammers who work harder than the devil.
1. The SMS Scammer
Mode of Operation: Sends a text message (SMS) designed to look like it’s from a bank with a link to steal account details.
Strengths: Clever, good at imitating banks, relentless, hard to trace.
Weaknesses: Spelling errors in the text message, the link in the message always looks strange (eg. nameofbank.agent.direct-link.com), the sender ID is usually a random phone number (instead of the bank’s name).
Your Smart Move: Don’t tap the link. Just delete the message.
2. The Ponzi Scammer
Mode of Operation: Sells investment schemes that are too good to be true on WhatsApp, Facebook or Telegram.
Strengths: Makes sweet promises, usually uses a familiar brand to look legitimate, creates a sense of urgency.
Weaknesses: The interest is always extreme (eg. “Invest 2,000 naira to get 50,000 naira in 30 days!”), always too urgent (eg. “Today is the last day to invest!!!”), usually doesn’t have a physical office.
Your Smart Move: Don’t reply or send money to the scammer. Leave any Telegram or WhatsApp group that looks suspicious immediately.
3. The Money Doubler
Mode of Operation: Advertises money-doubling opportunities online — social media, WhatsApp, Telegram and forums like Nairaland.
Strengths: Knows how to appear legitimate, advises you to start with a small amount so you’ll build trust, disappears quickly after receiving money.
Weaknesses: Never explains clearly how the money will be doubled, doesn’t have an office address.
Your Smart Move: Avoid anything that mentions money doubling online and offline. It’s always a scam.